Tottenham Hotspur chairman Daniel Levy is set to test crisis club Aston Villa's insistence they will not sell Jack Grealish for under £40 million by making a bid for the midfielder.
Villa, who missed a tax payment to HMRC on Friday, have invested heavily in players over the past two years and will receive a reduced Premier League parachute payment of about £15m next term, leading to likely cost-cutting.
The club have given assurances that a further £700,000 will be paid to HMRC before the weekend, and are working on a short-term solution to their cash flow issues, so that the remaining £1.2m bill can be paid as soon as possible.
James Chester has also been linked with a move while fellow defender John Terry will leave on a free and full-back Alan Hutton is expected to depart when his contract expires at the end of the month as the club cuts costs.
Chief executive Keith Wyness was suspended on Tuesday amid reports he had fallen out with owner Tony Xia.
The Championship club will have to cash in on Grealish this summer after failure to win promotion to the Premier League left them in a financial mess.
The latest statement is a move to reassure Villa fans that administration is not an immediate prospect and the situation with HMRC has, for the time being, been dealt with.
Newcastle are now heading the list of clubs interested in the England under 21 worldwide as they are after a creative attacking player to provide a spark to their forward play.
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